Bell Atlantic and Rudin Management Wire Manhattan Office Buildings for the 21st Century

Bell Atlantic and Rudin Management Wire
Manhattan Office Buildings for the 21st
Century

Bell Atlantic Creates Communications Nirvana for Rudin
Tenants

October 19, 1999

NEW YORK -- Rudin Management is offering business tenants much
more than a room with a view. The real estate developer has teamed with
Bell Atlantic to deliver swift access to high-speed data networks.

As part of the joint project, Bell Atlantic is upgrading its
telecommunications network in venerable Manhattan buildings owned by
Rudin and occupied by some of the world's largest and most influential
finance, technology, entertainment and media companies.

"Rudin tenants range from startups to Fortune 500 corporations, but
they all have one thing in common -- they demand access to a high-speed,
high-capacity, flawless communications network that can move huge
volumes of data every day," said William C. Rudin, president of
Rudin Management. "We turned to Bell Atlantic to help us identify
existing fiber capacity and install a communications infrastructure that
would give our tenants access to world markets at the click of a
mouse."

Bell Atlantic is upgrading its communications systems in 14 Rudin
buildings to improve overall network reliability and flexibility. For
example, the company is deploying fiber optics and advanced electronics
inside the offices of many Rudin tenants to provide bandwidth on demand
faster than ever before.

Fiber is routinely installed in the basement of a building with copper lines
running between the basement and the office space. When a customer
requires additional high-speed capacity to handle increasing traffic on its
communications network, Bell Atlantic must modify its network and the
equipment at the customer's location.

Bringing high-speed fiber lines directly to the office greatly reduces the
need for network re-engineering and significantly improves the speed with
which Bell Atlantic can respond to a customer's need for additional
bandwidth.

"This comprehensive upgrade will enable businesses to stay way
ahead of crushing demands for more network capacity," said Paul
Lacouture, Bell Atlantic's group president of network services.
"Bringing fiber inside the office space is a revolutionary move that
will greatly enhance the value of Rudin real estate and significantly
improve the quality of service we deliver to our customers."

Rudin is regarded in the real estate industry as a leader in recognizing the
value
state-of-the-art communications can add to an office building. Three
Rudin structures -- 55 Broad St. and 110 Wall St. in Manhattan, as well as
the Long Island Technology Center in Islip, N.Y., have already undergone
a communications metamorphosis.

Rudin and Bell Atlantic also are planning to install the latest
communications technology at the new Reuters building currently under
construction at 3 Times Square.

"Our relationship with Bell Atlantic is based on a mutual interest in
delivering the finest high-speed communications technology available
today," said Rudin. "Our tenants are not casual users of voice
and data communications. They are among the heaviest users of the
network and require access to a ready supply of bandwidth to operate
efficiently in this
fast-paced, global marketplace."

Lacouture said Bell Atlantic is committed to developing a similar working
relationship with other real estate developers and building owners across
its region.

"Rudin Management is clearly onto something big," said
Lacouture. "We expect this to catch on with developers in other
metropolitan areas across our region."

About Rudin Management
Rudin Management Co., Inc. is responsible for managing the Rudin Family
portfolio of properties, which consists of 36 residential and office buildings in
Manhattan. Recent projects have focused on integrating technology and
broadband connectivity into the fabric of Rudin's real estate holdings. Jack and
Lewis Rudin serve as co-chairmen of the company. Bill Rudin is the president.

About Bell Atlantic
Bell Atlantic is at the forefront of the new communications and information
industry. With more than 43 million telephone access lines and nearly 10 million
wireless customers worldwide, Bell Atlantic companies are premier providers of
advanced wireline voice and data services, market leaders in wireless services
and the world's largest publishers of directory information. Bell Atlantic
companies are also among the world's largest investors in high-growth global
communications markets, with operations and investments in 23 countries.